Hope is the thing with feathers That perches in the soul, And sings the tune–without the words, And never stops at all — Emily Dickinson Hope is a duty from Continue Reading
Oil prices climbed from $65 to $68 a barrel last week largely on strength in the equity markets as some earnings reports beat analysts’ estimates despite being considerably lower than Continue Reading
Peak Oil Task Force Report: If San Francisco is to thrive in the 21st century and remain a world-class city, it must begin planning today for how to maintain itself Continue Reading
1. Production and prices Oil prices climbed from $65 to $68 a barrel last week largely on strength in the equity markets as some earnings reports beat analysts’ estimates despite Continue Reading
When you take these three problems, in an odd sort of way I find some encouragement there because in order for the US to take the steps to wean itself off imported oil you really need to take some pretty drastic action. To do that, you need a broad coalition of support. Any one of these three issues by themselves would not garner enough support. But if you package the three issues together, perhaps you will have enough support to do the sorts of things that are necessary.
Using a coupled climate and carbon cycle model is appropriate if you want to want to estimate future anthropogenic emissions from presumably vast fossil fuel resources, but such a model does not capture what might actually happen “on the ground” in the real world. A prompt transition from oil to coal-based liquids is clearly impossible, as I’m sure—I’m hopeful— Caldeira would admit.
Starting in the vicinity of $60 a barrel on Monday, oil prices closed at $63.56 on Friday for an increase of 6 percent — after falling more than 10 percent Continue Reading
Largely unreported in the western press are the devastating effects that electric power shortages are having on the Asian sub-continent, particularly in Pakistan and India. While the underlying cause of Continue Reading
Many who are counting on a rapid economic rebound in China to lead the world out of the recession were cheered last week when Beijing announced a 7.9 percent increase Continue Reading
OPEC countries will trim shipments by 0.8 percent to 22.55 million barrels a day in the four weeks ended Aug. 1, consultant Oil Movements said Thursday. (7/18, #2) In Iran, Continue Reading
Full PDF: Peak Oil Review 07/20/2009 Full and Complete Peak Oil Review: 1. Demand, production, and prices Starting in the vicinity of $60 a barrel on Monday, oil prices closed Continue Reading
Everyone in the industry knows it. I think a lot of analysts are reticent to call a spade a spade. At one end of the spectrum you have Matt Simmons who is very vocal and very up front. At the other end of the spectrum the people understand it but aren’t making a big deal out of it.
The dysfunctional symbiosis between the two countries should be a familiar story by now: Americans consume more than they produce, the Chinese produce more than they consume. Americans are spendthrift, the Chinese are frugal. The Chinese make the stuff Americans buy. Americans run large trade deficits, while the Chinese have a large trade surplus. The Chinese manipulate the value of the Renminbi (the Yuan) to keep the imbalance going. The Chinese buy our debt but will not abandon the dollar…
1. Demand, production and prices Since touching a high for the year above $73 a barrel last month, oil prices have fallen steadily for the last two weeks, closing at Continue Reading
Since touching a high for the year above $73 a barrel last month, oil prices have fallen steadily for the last two weeks, closing at $59.89 on Friday. The so-called Continue Reading
The US government has never had so many balls in the air at the same time with such grave implications for the future of energy in the country. Currently there Continue Reading
Recently a friend gave me a copy of a January 22, 1973 issue of Newsweek. The cover title was “The Energy Crisis”. It’s interesting to look back and see how Continue Reading
Output from the first wells drilled at Exxon Mobil’s Horn River basin shale-gas field in Alberta, announced Thursday, suggests huge potential. Wood MacKenzie last year estimated the region might hold Continue Reading
“Speculators cannot profit from sustained high prices; they can only profit from changing prices. So, yes, the recent volatility in the oil market can certainly be attributed to speculation, but Continue Reading
There are more than 250 million vehicles on the road in the U.S., and of those only 142,000 are powered by natural gas, T. Boone Pickens said. Pickens, whose plan Continue Reading
It is hardly an exaggeration to say that humanity has reached a fork in the road, and future generations await our decision. Our energy & economic prospects are at stake, and these two necessities are inextricably linked. At such turning points, it is natural for apprehension to cloud our judgment. We want to hang on to what we have, or improve upon it, but our uncertainty is greater than our ability to discern the long-term future. The only things that seem clear are that the future will not resemble the past, and must not resemble it.
1. Production and Prices Crude prices started the week firmly as traders hoped for an improvement in the US economy, the US dollar remained weak, and Nigerian militant attacks continued Continue Reading
Crude prices started the week firmly as traders hoped for an improvement in the US economy, the US dollar remained weak, and Nigerian militant attacks continued to cut production. On Continue Reading
Layer upon layer of confusion pervades the discussion of why oil prices have been so volatile over the last 3 years. People often yearn for simple explanations. Some want somebody to blame, while others hold on to cherished theories. In these cases observers demand a Black Or White view of events which caricatures more complex realities.